1.

Record Nr.

UNINA9910411950203321

Autore

Dieye Adama

Titolo

An Islamic Model for Stabilization and Growth / / by Adama Dieye

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2020

ISBN

3-030-48763-6

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource (261 pages)

Collana

Political Economy of Islam, , 2945-6487

Disciplina

330.91767

320

Soggetti

Africa - Politics and government

International economic relations

Religion and politics

African Politics

International Political Economy’

Politics and Religion

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Introduction -- Overview of Current Macroeconomic Policy Issues and Challenges In Mainstream Economics -- Current Economic and Social Challenges and Islam -- Islamic Institutional Policy Framework -- Rules of Economic and Financial Operations -- Sustainability of the Senegal Socio-economic Model -- Counterfactual simulation of the Islamic model for Senegal -- Implementation of the Islamic Model for Senegal -- Conclusion.

Sommario/riassunto

This book argues that the macroeconomic policy adjustment models recommended by the IMF and the World Bank for implementation in many Muslim countries, with substantial donor financial support, have not been effective. Economic indicators show low economic growth, persistent fiscal and external deficits and limited industrialization. Also, these countries are experiencing increases in unemployment, poverty and substantial growth in income and wealth ‎inequalities. These facts ‎underline an urgent need to produce an alternative to the failed conventional macroeconomic model in order to address the challenge of ‎macroeconomic and social adjustment policies. The project posits



and investigates the idea that the Islamic economic model prescribed in the Quran and applied by the Prophet (sawa) could be the ideal model for Muslim as well as non-Muslim ‎countries. Adama Dieye is former Director of Department of the Central Bank of West African States (BCEAO), Senegal.